theSun Property August 2017

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> IskandarMalaysia in the spotlight – graphs, charts and information
Pre-owned and practical
THEproperty scene down
south in Johor is fascinating,
especially since the launch
of IskandarMalaysia in
2006, which include EduCity and
Smart City. Besides attracting global
investors to set camp and run their
mega industrial businesses,
IskandarMalaysia has also enticed
foreign land developers and
property purchasers. All these,
including the host of other
developments, have changed
lifestyles and the economy, hence
stimulated the property industry.
Still, many are cautious,
deliberating the poor performance
of the ringgit and soft property
market situation, especially over the
last year – unfavourable tomany a
Malaysian apparently. Some
however, are of the view that “the
ball is in the court of the foreigner
whose currency is greater than the
ringgit, ie Singaporeans. Locals with
capital and cash reserves with the
power to purchase property in
Iskandar now and “sit out the placid
spell” have the advantage. This is
especially sowith the easy payment
schemes, rebates and discounts
offered by developers, and the
overhang supply of which price tags
can be negotiated, if skilfully,
bought for a song.
While affordable “products” are
expected to be launched, do not
discount sub-sale properties,
especially in areas with semi-
developed projects or those in the
pipeline. Below are charts and
graphs, courtesy of iProperty.com,
with data retrieved from JPPH.
MOST TRANSACTED AND SEARCHED
AREAS IN ISKANDARMALAYSIA
Total Iskandar Malaysia
Transaction Volume
8.4k
15% 14%
44%
12% 11% 10% 10%
17%
I. Puteri P. Gudang Kulai Tebrau Johor
Baru
Skudai
Sold Search Interest in 70%Market share
Source:JPPHand iProperty.com
MOST POPULAR RESIDENTIAL
PROPERTY SPECS SOLD –
ISKANDARMALAYSIA
50%
25%
2.1k Sold
1.2k Sold
2%
Terrace
750-1,000sf
RM270k
Terrace
1,500-2,000sf
RM400k
Terrace
500-750sf
RM150k
14%
16%
10%
Source:JPPHand iProperty.com
MOST POPULAR PROPERTY SPECS
FOR ISKANDARMALAYSIA –
INTEREST IN IPROPERTY
50% of Leads to Agents
16%
10%
8%
7%
4% 4%
Terrace
1,500-2,000sf
Terrace
2,000-2,500sf
Apartment
750-1,000sf
Terrace
1,250-1,500sf
Apartment
1,000-1,200sf
Terrace
2,500-3,000sf
Source: iProperty.com
TRANSACTIONMARKET SHARE IN JOHOR –
ISKANDARMALAYSIA VS NON-ISKANDAR REGION
70%
Bought in
Iskandar Region
8.4k Units
(-19% y-o-y)
30%
Non-Iskandar
4k Units
(-30% y-o-y)
JOHOR
TransactionVolume
12.4k
(-23%y-o-y)
Source:JPPH
Pahang
Negri
Sembilan
Malacca
SINGAPORE
TOP TRANSACTED DEVELOPMENT LAND AREAS –
ISKANDARMALAYSIA
Kulai
Senai
Ulu
Tiram
Gelang
Patah
SEGAMAT
LABIS
LEDANG
PAGOH
MUAR
SEMBRONG
AYER HITAM KLUANG
MERSING
SIMPANGRENGGAM
BATUPAHAT
PONTIAN
TENGGARA
KOTA
TINGGI
PENGERANG
TANJONG
PIAI
Sold Search Interest in
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theSun ON FRIDAY | AUGUST18,2017
Residential sub-sale market report